FX Hedging Strategy Series

FxWirePro: Stay hedged in GBP/CHF via PRBS to reduce hedging cost on monetary policy risks between UK and Swiss central banks

Feb 04, 2016 13:54 pm UTC| Technicals Central Banks

The Bank of England has upheld its monetary policy stance unchanged, standing pat on the official Bank Rate at 0.5% and the APF at 375bn. More importantly, the split of the vote for the bank rate decision has changed.As...

FX Hedging Strategy Series

FxWirePro: Cover GBP/CHF longs before getting stuck in blood bath, gravestone at 1.4660 to reject resistance - binary puts to speculate

Feb 04, 2016 12:52 pm UTC| Technicals

Technicals on all time frames raise a caution for ongoing short term uptrend as previous upswings have not been able to break above resistance levels at 1.4778, instead formed a gravestone doji at 1.4660 (see circled spots...

FX Hedging Strategy Series

FxWirePro: Adamant bulls in GBP/CAD can hedge unsustainable rallies with collar gamma combinations

Feb 04, 2016 12:09 pm UTC| Technicals

We would say GBPCAD likely to evidence some corrections but if you think that GBP should revert to outperformance on the crosses or you are in love with GBPCADs uptrend or stuck with any payable exposure, now worries we...

USD/CHF breaks major support 1.000, targets 0.9900

Feb 04, 2016 11:51 am UTC| Technicals

The pair has broken major support 1.0050 and declined till 0.9980. It is currently trading around 1.0009. Short term trend is slightly weak as long as resistance 1.008 holds On the lower side major support is around...

JPY firms against US dollar, more downside expected

Feb 04, 2016 10:56 am UTC| Technicals

Pair is well supported above 117.00 marks. It made intraday high at 118.24 and low at 117.33 levels. A break of 117.05 is necessary to confirm the bearish trend and below this major support falls at 117.85 levels....

FX Hedging Strategy Series

FxWirePro: GBP/CAD can’t be spared from losing on Super Thursday, casts-off resistance 2.0292

Feb 04, 2016 10:33 am UTC| Technicals

Today it would be a hectic day for the Bank of England as it has to deliver two important policy decisions, MPC minutes and the Inflation Report. In between, the central bank will likely keep interest rates at...

US Dollar Index break major support 97.20, decline till 96.25/95.60 is possible

Feb 04, 2016 10:20 am UTC| Technicals

Major support -97.20 (Dec 15th 2015) Dollar index has broken major support 97.20 and declined till 96.77 at the time of writing. It is currently trading around 96.80. Any break below 97.20 confirms minor weakness, a...